ASML Holding N.V. (NASDAQ:ASML) Shares Purchased by Assetmark Inc.

Key Points

• Assetmark Inc. increased its stake in ASML Holding N.V. by 3.8%, owning 33,903 shares valued at approximately $22.47 million as of the latest SEC filing.
• ASML's latest quarterly earnings reported $4.55 EPS, missing estimates, but showing a 23.2% year-over-year revenue growth.
• The company announced a quarterly dividend of $1.856, an increase from its previous dividend, resulting in an annualized yield of 1.04%.

Assetmark Inc. increased its stake in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 3.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,903 shares of the semiconductor company's stock after acquiring an additional 1,254 shares during the period. Assetmark Inc.'s holdings in ASML were worth $22,465,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ASML. NEOS Investment Management LLC grew its holdings in ASML by 13.0% during the fourth quarter. NEOS Investment Management LLC now owns 5,162 shares of the semiconductor company's stock worth $3,578,000 after acquiring an additional 592 shares during the period. Easterly Investment Partners LLC purchased a new position in ASML during the fourth quarter worth approximately $696,000. X Square Capital LLC purchased a new position in ASML during the fourth quarter worth approximately $832,000. Frazier Financial Advisors LLC boosted its position in ASML by 151.1% during the fourth quarter. Frazier Financial Advisors LLC now owns 226 shares of the semiconductor company's stock worth $157,000 after purchasing an additional 136 shares in the last quarter. Finally, Ramirez Asset Management Inc. boosted its position in ASML by 0.8% during the fourth quarter. Ramirez Asset Management Inc. now owns 7,369 shares of the semiconductor company's stock worth $5,107,000 after purchasing an additional 56 shares in the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.

ASML Stock Performance

NASDAQ ASML opened at $711.25 on Friday. The company has a market cap of $279.82 billion, a PE ratio of 29.68, a price-to-earnings-growth ratio of 1.47 and a beta of 1.73. The stock's 50 day simple moving average is $765.39 and its 200-day simple moving average is $727.39. ASML Holding N.V. has a 1-year low of $578.51 and a 1-year high of $945.05. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.43 and a quick ratio of 0.81.

ASML (NASDAQ:ASML - Get Free Report) last posted its quarterly earnings results on Wednesday, July 16th. The semiconductor company reported $4.55 EPS for the quarter, missing the consensus estimate of $5.94 by ($1.39). ASML had a net margin of 26.95% and a return on equity of 49.47%. The company had revenue of $8.94 billion during the quarter, compared to analyst estimates of $8.72 billion. During the same period in the prior year, the business posted $4.01 EPS. ASML's revenue for the quarter was up 23.2% compared to the same quarter last year. As a group, equities research analysts anticipate that ASML Holding N.V. will post 25.17 EPS for the current fiscal year.

ASML Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Investors of record on Tuesday, July 29th will be issued a $1.856 dividend. This represents a $7.42 annualized dividend and a dividend yield of 1.04%. The ex-dividend date is Tuesday, July 29th. This is a boost from ASML's previous quarterly dividend of $1.64. ASML's dividend payout ratio (DPR) is currently 29.67%.

Analysts Set New Price Targets

ASML has been the topic of a number of recent analyst reports. DZ Bank downgraded ASML from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 16th. Erste Group Bank reiterated a "hold" rating on shares of ASML in a research report on Wednesday. Citigroup reiterated a "buy" rating on shares of ASML in a research report on Monday, May 19th. Barclays reiterated an "equal weight" rating on shares of ASML in a research report on Tuesday, June 3rd. Finally, Wells Fargo & Company raised their target price on ASML from $840.00 to $890.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Seven research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, ASML currently has an average rating of "Moderate Buy" and a consensus price target of $923.80.

ASML Profile

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.

Want to see what other hedge funds are holding ASML? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ASML Holding N.V. (NASDAQ:ASML - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.